Egypt turns to Europe for investment | The National

Egypt turns to Europe for investment | The National:



"Egypt will not rely on further aid from the Gulf unless its already shaky economy worsens, a senior minister told The National, as the country looks to court billions of dollars in foreign investment from Europe.



Since the removal in 2013 of the Muslim Brotherhood president Mohammed Morsi, the UAE, Saudi Arabia and Kuwait have given Egypt more than US$12 billion.



But Hany Kadry Dimian, Egypt’s minister of finance, said at the Middle East Congress in London yesterday that the country would not seek further aid as long as the economic recovery keeps on track. The National was a media partner for the event."



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